COM 0483.004 2010-2012 - Laserfiche WebLink

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INDEPENDENT AUDITORS' REPORT To the Board of Directors Hawaii State Association of Counties,Inc. Honolulu,HI 96817 We have audited the accompanying statement of assets, liabilities, and net assets—cash basis of Hawaii State Association of Counties, Inc.(a nonprofit organization)as of June 30,2011, and the related statement of support, revenue, and expenses cash basis for the year then ended. These financial statements are the responsibility of the Association's management.Our responsibility is to express an opinion on these financial statements based on our audit. We conducted our audit in accordance with auditing standards generally accepted in the United States of America.Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the financial statements are free of material misstatement. An audit includes examining, on a test basis, evidence supporting the amounts and disclosures in the financial statements.An audit also includes assessing the accounting principles used and significant estimates made by management,as well as evaluating the overall financial statement presentation. We believe that our audit provides a reasonable basis for our opinion. As described in note 2, these financial statements were prepared on the cash basis of accounting, which is a comprehensive basis of accounting other than generally accepted accounting principles. In our opinion,the fmancial statements referred to above present fairly,in all material respects,the assets, liabilities, and net assets of Hawaii State Association of Counties, Inc. as of June 30,2011, and its support,revenue,and expenses for the year then ended,on the basis of accounting described in note 2. Wailuku,Hawaii November 7,2011